- Stocks Telegraph
- Posts
- Jun 16 - NH - Morning Newsletter (with survey at top and bottom)
Jun 16 - NH - Morning Newsletter (with survey at top and bottom)
Stock Market Analysis: 4 Stocks with Huge Potential
The Newsheater daily morning newsletter is powered by Stocks Telegraph
Help us improve newsletter by taking
Good Morning!
Friday morning saw a cautious start for stock futures as investors shifted their attention from the highly anticipated Federal Reserve policy meeting to the upcoming release of key economic data.Futures tied to the Dow Jones Industrial Average experienced a slight decline of 12 points, equivalent to 0.3%. Similarly, S&P 500 futures and Nasdaq-100 futures also traded down by 0.07% and 0.09% respectively, hinting at a cautious sentiment in the market.However, amid this backdrop, there were notable surges in specific stocks that caught investors' attention. Virgin Galactic shares took off with remarkable momentum, soaring over 40% during extended trading. The surge followed the exciting announcement of the company's first commercial space tourism flight, scheduled for the end of this month. Another standout performer was Adobe, which witnessed a significant increase of more than 3% after surpassing Wall Street estimates in both top and bottom lines for its fiscal second quarter. The technology company also shared positive expectations for the current quarter and full-year performance, further fueling investor optimism.These market moves followed a triumphant session on Wall Street, where investors took a bullish stance on interest rate hikes coming to a halt. The Federal Reserve's decision not to increase rates at its recent meeting provided reassurance, prompting all three major indexes to finish Thursday's session with gains exceeding 1%. This marked the sixth consecutive day of wins for both the S&P 500 and the Nasdaq Composite. For the S&P 500, this winning streak represents its longest stretch since November 2021.Looking ahead to the remaining trading session on Friday, the three indexes appear poised for weekly gains, building upon the recent market rally. The S&P 500 is on track to achieve its best weekly performance since March, with an impressive gain of nearly 3%. Meanwhile, the Nasdaq Composite has already surged by almost 4% since the beginning of the week, positioning itself for an eighth consecutive winning week. This notable streak for the tech-heavy index marks its longest weekly stretch since a 10-week period that concluded in March 2019.
Five Top Summer Stocks to Buy and Hold Now
With the official start to summer is just days away, there's still time to load up on warmer-weather stocks. That includes your travel stocks, weight loss stocks, oil stocks, and even hurricane-related stocks, with storm-season kicking into high gear, too.
In fact, here are five with a history of moving every summer. Enjoy.
Sponsored
Today Top Movers
Virgin Galactic Holdings Inc. (SPCE) stock soared 38.67% to $5.63 in the pre-market trading after declaring the start of commercial spaceflight service.
Workhorse Group Inc. (NASDAQ: WKHS) shares are trading up 8.33% at $1.17 at the time of writing. THe company is scheduled to participate at the 9th Annual ROTH London Conference, which is being held from June 20-22, 2023 at the Four Seasons Hotel London at Park Lane in London, UK.
iRobot Corporation (IRBT) grew over 22.43% at $51.52 in pre-market trading today after U.K. regulator, the Competition and Markets Authority (CMA) gave its nod to Amazon’s (AMZN) $1.7 billion acquisition of the company.
Eneti Inc. (NETI), a Marine Shipping company, rose about 10.07% at $12.9 in pre-market trading Friday after announcing business combination agreement with Cadeler A/S (OSE: CADLR) to create a leading offshore wind turbine and foundation installation company.
This Graphite Company is leading the Electric Vehicle Revolution
Graphite has emerged as a vital material in the resource sector, gaining prominence primarily due to its essential role in electric vehicle (EV) batteries.
We found a little-known graphite company exploring the potential of this mineral and is currently flying under Wall Street's radar.
This company's operations are positioning them as a leader in a critical industry with growing demand.
Sponsored
Top Upgrades & Downgrades
UBS turned bullish on AutoZone Inc. (AZO), upgrading the stock to Buy and assigning a $2900 price target, representing potential upside of 16.12% from Thursday's close.
MorphoSys AG (MOR) has won the favor of JP Morgan's equity research team. The firm upgraded the shares from Underweight to Overweight and moved their price target to $10, suggesting 41.44% additional upside for the stock.
West Pharmaceutical Services Inc. (WST) received an upgrade from analysts at BofA. They changed their rating on WST to Buy from Neutral in a recently issued research note.
Earlier Friday Piper Sandler reduced its rating on SoFi Technologies Inc. (SOFI) stock to Neutral from Overweight and assigned the price target to $8.
JP Morgan analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Mersana Therapeutics Inc. (MRSN) has been changed to Neutral from Overweight and the new price target is set at $5.
Analysts at Citi downgraded RPC Inc. (RES)'s stock to Sell from Neutral Friday.
Five Top Tech Stocks to Own Now
Warren Buffett says that a "climate of fear is your friend when investing; a euphoric world is your enemy."
"The time to buy is when there's blood in the streets, even if the blood is your own."
With a good deal of fear priced into the tech sector, here are five hot stocks to consider.
Sponsored
Latest Insider Activity
Uber Technologies Inc. (UBER) See Remarks West Tony announced the sale of shares taking place on Jun 15 at $42.00 for some 16,664 shares. The total came to more than $0.7 million.
AMC Entertainment Holdings Inc. (AMC) 10% Owner Antara Capital LP sold on Jun 14 a total 2,805,000 shares at $1.60 on average. The insider’s sale generated proceeds of almost $4.5 million.
Heliogen Inc. (HLGN) 10% Owner Nant Capital, LLC declared the purchase of shares taking place on Jun 15 at $0.21 for some 387,612 shares. The transaction amount was around $81243.0.
Comtech Telecommunications Corp. (CMTL) Director Carpenter Wendi B. bought on Jun 15 a total 1,000 shares at $9.20 on average. The purchase cost the insider an estimated $9,200.
Tin Company With High-Quality Portfolio Poised For Growth!
Investors - This Tin Company Has A High-Quality Portfolio of Tin, Tin/Tungsten and Lithium Projects in the Tier 1 Mining Jurisdiction of Tasmania and New South Wales, Controlling Some of the Most Important Tin Districts in Tasmania. With Tin Demand on the Rise and Supply Constrained, this Company is Poised for Growth!
Sponsored
Important Earnings
Top Upcomming US earnings releases scheduled include FedEx Corporation (NYSE: FDX). It will announce its May 2023 financial results. The company is expected to report earnings of $4.89 per share from revenues of $22.77B in the three-month period.
Analysts expect La-Z-Boy Incorporated (NYSE:LZB) to report a net income (adjusted) of $0.72 per share, when the company releases its quarterly results Tuesday. Revenue for the fiscal quarter ended Apr 2023 is predicted to come in at $533.03M.
That's it for today. Thanks for reading. Good luck out there!Best Regards,Stocks Telegraph Team
P.S. Want my daily watchlists sent to your cell phone too? Just go HERE and join my text message list!
Wouldn’t it be great to have a personalized solution for your investing needs? We’re adding new sections to the morning newsletter with big implications. All you have to do is share your thought about the current newsletter. If you do that, we’ll do our best to take your feedback and make it a better experience for you.
We are asking for 1 minute of your time to answer 4 questions about your experience with our newsletter. We hope to use this information to create solutions that address exactly what you need!
Thank you for your continued support.
Disclaimer: Legal Stuff: Stocks featured in this newsletter are for entertainment purposes only. You should not base any investment decisions on information contained in my newsletter. Stocks featured in this newsletter may be owned by owners/operators of this website which could impact our ability to remain unbiased. Please consult a financial advisor before making any trading decisions. I may earn a small commission from links placed inside of these emails.